China's largest telecom equipment provider Huawei Technologies Co., Ltd. announced in Beijing Monday that its global sales last year reached 45.3 billion yuan, up 40 percent over the previous year.

The company has gained good momentum in mobile network, next generation network, data communication and mobile communication terminals, Huawei said in its press release.

Huawei has established cooperation ties with 28 of the world's top 50 telecom operators, including Voldafone and the U.S. AT&T.

It has set footholds in 14 European and American countries including Germany, France, Britain, Spain, Portugal, the United States and Canada.

A senior executive predicted that Huawei's overseas sales in 2005 would reach 5 billion U.S. dollars. This will be the first time that Huawei's overseas sales would surpass domestic sales.

Huawei's half-year report shows that the company's sales in the first half of 2005 was 33 billion yuan with a year-on-year rise of 85 percent. Overseas sales reached 2.47 billion U.S. dollars in the period, accounting for 62 percent of the total. ( 1 U.S. dollar= 8.06 yuan)

Source: Xinhua